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Update: This is a targeted offer. Log in to your Membership Rewards account to see if you’re eligible for the offer.
And if Home Depot gift cards are more your cup of tea than, say, an incredible flight in Singapore Suites, you can currently score a 25% discount on gift cards to a handful of merchants.
Through June 27, Amex is offering 25% off gift cards to select partners, including Banana Republic, Bath & Body Works, Chili’s, Crate & Barrel, Gap, Legal Sea Foods, Nike, Old Navy, Pottery Barn, Saks, The Cheesecake Factory, Home Depot, Victoria’s Secret, West Elm and Williams-Sonoma.
With the sale, a $50 gift card requires 3,750 points, rather than the usual 5,000 — that means you’ll be redeeming Amex points at 1.33 cents each, rather than the 1-cent-per-point value you’d usually get. Keep in mind that TPG values Membership Rewards points at 1.9 cents each, so this isn’t exactly the deal of century. But again, if you have more Amex points than you know what to do with (and you don’t want to give them away), the discount makes this option a bit more appealing.
Source: thepointsguy.com